Closing Disclosure: the three-day rule

The Closing Disclosure is a 5-page form with your final loan terms and closing costs. By law you must get it at least 3 business days before closing. Compare it with your Loan Estimate and ask about anything that changed. Rule^1,2

The rule gives you three business days to compare final terms with your Loan Estimate and ask questions. Rule^3,4

Only certain costs can change, and only within limits.

• Check the loan amount, rate, monthly payment and cash to close.
• Look at the comparison table on page 3.
• Ask about any fee you don't recognize. Rule^5,4

Ask your lender when it will be sent, so the 3-day wait doesn't push your closing. Rule^3,4

Clear to close. It means the underwriter has signed off; your Closing Disclosure comes next. Known^6,7

You have the right to read and understand every document before you sign.

• Check that the numbers match your Closing Disclosure.
• Ask how taxes and insurance get paid and where payments go.
• Get a name to call with questions after closing. Known⁵